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UNIS:COU, Mar 18, 04:51 UTC

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Friday, March 15


News

Coupang appoints ex-Walmart official Jay Jorgensen as new CCO

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Coupang appoints ex-Walmart official Jay Jorgensen as new CCOBy Kim Da-sol. Updated : Mar 15, 2019 - 15:31. South Korean e-commerce company Coupang said Friday that it has tapped a former vice president at Walmart as its new chief compliance officer and general counsel. Based on his legal expertise, Jay Jorgensen had served as Walmart’s vice president and CCO for seven years since 2012. His effort to organize and implement the ethics program among employees has been awarded as the best governance, risk and compliance program by New York Stock Exchange Governance Services in 2016.

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  • Politics
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Thursday, March 14


News

From Bentonville to Seoul, Jay Jorgensen Becomes General Counsel of South Korea's Coupang

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Jay Jorgensen, the former executive vice president and global chief ethics and compliance officer of Walmart Inc., is the new general counsel of Coupang, the largest and fastest growing e-commerce company in South Korea. Senior reporter at ALM since 2004; based in Florida; covers general counsel and white collar crime; contact: sreisinger@alm.com. With big-money projects involving chains of subcontractors and sometimes corrupt foreign officials, the construction industry has become a target-rich environment for the DOJ, according to former federal prosecutors, criminal defense attorneys and construction and government contracts lawyers. Each attorney is granted unlimited access to high quality, on-demand premium content from well-respected faculty in the legal industry along with administrative access to easily manage CLE for the entire team.

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law.com
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News

Walmart Executive Jay Jorgensen Joins Coupang as Chief Compliance Officer and General Counsel

COU WMT

SEOUL, South Korea--(BUSINESS WIRE)--Coupang, one of the world’s largest and fastest-growing e-commerce companies, today announced that Jay Jorgensen will join the company as General Counsel and Chief Compliance Officer (CCO). “Coupang is relentless in its pursuit of excellence, and Jay shares that commitment,” said Bom Kim, CEO of Coupang. Prior to joining Coupang, Mr. Jorgensen created Walmart’s first global program to manage regulatory compliance for the company’s entire business, including its workforce of more than two million employees. In addition to building and refining a world-class ethics and compliance program, Mr. Jorgensen also served as a member of Walmart Foundation’s Board of Directors and Executive Committee, helping direct the Foundation’s activities and establish strategies to improve sustainability, and create jobs.

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Social Chatter

Coupang (UNIS:COU) social chatter is higher than usual

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Korean e-commerce unicorn Coupang hires Walmart’s former global chief compliance officer https://t.co/2YihWPoSLZ by… https://t.co/mrUftCKXv3
News

Korean e-commerce unicorn Coupang hires Walmart’s former global chief compliance officer – TechCrunch

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Founded in 2010, with a total of $3.4 billion raised from investors, including SoftBank, and a valuation of $9 billion, Coupang currently operates only in Korea, where it is the largest e-commerce player, but has offices in Seoul, Beijing, Los Angeles, Mountain View, Seattle and Shanghai. Known for building a tech infrastructure that gives it almost complete control over delivery fulfillment, including last-mile logistics, Coupang more than doubled its revenue over the past two years to about $5 billion in 2018. It is not just an e-commerce player, it is the e-commerce player.” The company also reminded Jorgensen of learning about Amazon and later on Alibaba in their early days, then watching them develop into the world’s biggest e-commerce players. When a quickly growing startup unicorn hires a chief compliance officer, the obvious question is if that means a public offering is in the works. One of Coupang’s most important advantages is its control of the last-mile delivery and customer service experience (most packages are brought to customers by “Coupang men,” or the company’s delivery workers, while some are performed by Coupang Flex, a peer-to-peer delivery program similar to Uber Eats).

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techcrunch.com
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Saturday, March 02


News

Coupang, HP Korea sign MOU to strengthen sales

COU HPQ

Coupang, HP Korea sign MOU to strengthen sales. March 2, 2019. James Lee, Coupang’s senior director, said, “By establishing long-term partnerships, [Coupang] will work harder to expand cooperative businesses.”. Coupang currently offers a range of HP products, such as its gaming PCs and printers through its fast “rocket delivery” service. RELATED ARTICLESMORE FROM AUTHOR. Latest Stories. Chandler Caller is your news, entertainment, music fashion website. Edit with Live CSS. Save. Write CSS OR LESS and hit save. CTRL + SPACE for auto-complete.

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chandercaller.com
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Thursday, February 28


Social Chatter

Coupang (UNIS:COU) social chatter is higher than usual

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Vision Fund startups Fanatics and Coupang unite to sell US sports merch in Korea https://t.co/GxmYGRcDfC https://t.co/CZx2JsPnxM
News

Vision Fund startups Fanatics and Coupang unite to sell US sports merch in Korea – TechCrunch

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Vision Fund startups Fanatics and Coupang unite to sell US sports merch in Korea. SoftBank chairman Masayoshi Son has repeatedly described the Vision Fund as a club for the world’s most exciting startups and, while even the fund’s own LP seem to disagree with some of its investment thesis, its portfolio companies do frequently come together. Fanatics got its Vision Fund spurs through a $1 billion deal led by SoftBank in 2017, while Coupang, was a more recent joiner via a $2 billion deal in November although SoftBank itself has been an investor for some time. The two companies are teaming up to sell U.S. sportswear and merchandise to consumers in Korea via a 10-year deal that will kick off this summer. The agreement will see Fanatics become the exclusive provider of sports merchandise for Coupang in Korea, which is the world’s fifth largest e-commerce market and project to grow further still.

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techcrunch.com
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Tuesday, February 19


News

Coupang, HP Korea sign MOU to strengthen sales

COU HPQ

James Lee, Coupang’s senior director, said, “By establishing long-term partnerships, [Coupang] will work harder to expand cooperative businesses.”. Coupang currently offers a range of HP products, such as its gaming PCs and printers through its fast “rocket delivery” service. Retail News Asia is committed to providing both local and global retailers with the latest breaking retail news throughout the Asian retail market. We have resources for everyone from the independently owned business owners, online-only retailers, and major chains expanding their reach throughout the Asian market.Retail News is the only news source with over 125 news posts, insights and updates per week.CONTACT USCALL US ANYTIME.

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retailnews.asia
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Thursday, February 14


News

Coupang strengthens partnership with HP Korea

COU HPQ

Coupang has formed a business partnership with HP Korea as part of its ongoing campaign to strengthen its core competence and improve its organizational structure by working more closely with leading global enterprises. Korea's largest e-commerce site said Thursday that its Senior Director James Lee signed a memorandum of understanding with HP Korea Country Managing Director Kim Dae-hwan a day earlier. Under the agreement, Coupang can provide HP products to customers in a more stable manner by purchasing directly from HP. HP Korea, by cooperating with the country's biggest online sales channel, can offer a more differentiated customer experience such as fast and careful delivery to customers.

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Story Sources

koreatimes.co.kr
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